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Crypto firms have already breached new UK promo rules 221 times, says FCA
26.10.2023
Many of the firms the FCA warned were breaching the new rules appear to be dubious high-yield return schemes, but legitimate firms have seen warnings too
UK Financial Watchdog Flags “Common” Failures in Crypto Marketing
25.10.2023
The Financial Conduct Authority (FCA) has identified some recurring issues in the marketing of cryptoassets following the implementation of new regulations on October 8. In a Wednesday blog post, the FCA highlighted three primary problems, which include misleading claims regarding...
UK Regulator Warns Crypto Firms of 'Hard to Read' Risk Warnings
25.10.2023
The Financial Conduct Authority has blocked Binance's chosen ad approver and added 221 firms to its warnings list since a new crypto marketing regime took effect on Oct.8
Beleaguered Binance Loses Another Chief Executive From its UK Office – What’s Going On?
25.10.2023
Binance’s UK chief Jonathan Farnell who is also the CEO of a subsidiary Bifinity, has resigned from the company, adding to a slew of executive departures in recent times.
His departure comes a week after the world’s largest crypto exchange announced suspending new customer registrations in the...
Solana's Marinade Finance Acts Swiftly to Ensure FCA Compliance, Blocks UK Access
24.10.2023
Marinade Finance, the largest decentralized finance (DeFi) protocol on the Solana blockchain, is blocking users in the United Kingdom from accessing its platform over "compliance concerns."
The concerns are related to newly introduced regulations from the UK’s regulator, the Financial Conduct...
Largest DeFi protocol on Solana reportedly quits UK market, citing FCA rule
24.10.2023
Marinade Finance holds over $265 million in total value locked, accounting for 70% of all funds locked on the Solana blockchain
Binance Stops Accepting New Users in UK to Comply With Crypto Regulations
18.10.2023
Binance has announced that it will no longer accept new users in the U.K. in order to comply with new crypto regulations from the Financial Conduct Authority (FCA). Binance explained that it is currently looking for an FCA-authorized firm to review and approve its U.K. financial promotions...
Binance Set to Temporarily Cease Onboarding New Customers Following an FCA Restriction on UK Partner
17.10.2023
Binance will temporarily shut its doors to new customers in the UK. This follows a restriction on the exchange's operating partner in the UK by the Financial Conduct Authority (FCA).
According to an announcement by the exchange on October 16, 2023, crypto traders and investors who have...
UK City Minister Andrew Griffith Advocates Clarity in Crypto Ad Rules
16.10.2023
UK City Minister Andrew Griffith has called for more clarity and flexibility in the country's recently enacted crypto advertising rules, according to a Financial Times report.
The rules, which became effective earlier this month, are among the strictest in the world and are designed to enhance...
Binance halts onboarding of new UK users
16.10.2023
The move comes after the Financial Conduct Authority imposed restrictions on its U.K. partner REBS
UK FCA's Blueprint for Fund Tokenization Nearing Completion
13.10.2023
The Financial Conduct Authority (FCA), the regulatory body overseeing the financial sector in the UK, is close to completing of a blueprint for fund tokenization.
In a recent speech, FCA Chair Ashley Alder revealed that the FCA has been collaborating with the Technology Working Group to develop...
UK FCA Working on Blue Print for Fund Tokenization Due This Year
12.10.2023
The U.K. financial regulator said earlier in the year it was speaking to firms and trade groups in relation to proposals on fund tokenization
FCA Sanctions Binance's UK Partner RebuildingSociety.com for Financial Promotions
10.10.2023
Binance Marketing Partner Rebuildingsociety has been sanctioned by the UK's Financial Conduct Authority (FCA), informing them that they cannot act on behalf of Binance for financial promotions under current law....
Read More: FCA Sanctions Binance's UK Partner RebuildingSociety.com for Financial...
Binance's UK Partner Can't Approve Crypto Ads, Regulator Says
10.10.2023
The Financial Conduct Authority may have derailed Binance's plans to comply with the new crypto marketing regime by imposing restrictions on the firm's recently enlisted local partner
Firms like OKX change marketing policies for FCA compliance
10.10.2023
The UK Financial Conduct Authority, or FCA, has introduced marketing regulations for crypto firms. The development comes at a time when the UK is looking to strengthen its oversight of its operations. A major part of the regulation seeks unregulated firms not to promote illegal financial products...
UK Regulator Issues 146 Crypto Alerts Within 24 Hours
10.10.2023
British financial regulator, the Financial Conduct Authority (FCA), has issued 146 crypto promotion alerts in the first 24 hours of its new crypto marketing regime. “We expect businesses including social media platforms, app stores, search engines, domain name registrars, and payments firms...
UK's FCA Adds 143 Crypto Exchanges, Including Huobi-owned HTX and KuCoin, to Warning List
9.10.2023
In a recent move, the Financial Conduct Authority (FCA), the United Kingdom's financial markets regulator, has expanded its warning list to include major cryptocurrency exchanges, categorizing them as "non-authorized firms" that citizens "should avoid."
The warning list is accompanied by...
Binance, OKX Adjust Crypto Operations to Comply With UK FCA’s New Regime
9.10.2023
Crypto exchange behemoth Binance has launched a dedicated domain for British users to comply with the UK Financial Conduct Authority's (FCA) new Financial Promotions Regime, effective October 8.
With the new UK domain, – Binance.com/en-GB – the exchange will offer retail users in the UK only...
Nomura-Backed Komainu Joins UK Crypto Register
9.10.2023
The firm registered with the Financial Conduct Authority just before new ad rules took effect on Sunday
Crypto Custody Firm Komainu Receives Custodial Approval from UK's FCA
7.10.2023
Komainu, a digital asset custody service, has announced its custodial approval from the UK Financial Conduct Authority (FCA).
This regulatory approval allows the company to function as a custodial wallet provider in accordance with the 2017 regulations on money laundering, terrorist financing,...